News
Large Remain bets wrong-footed bookies, and investors
Bookmakers’ odds strongly favouring a British vote to stay in the EU were found to be not as reliable as many fund managers thought, as suggested last week by our sister publication Expert Investor.
‘No renegotiation’ promises EU leadership
In a joint statement on Friday, the EU leadership urged the UK to start departure processes immediately as “any delay would unnecessarily prolong uncertainty”.
Investment | news 24 Jun 16
Sterling and FTSE climb back after record falls
The British pound and FTSE 100 both bounced significantly after record falls during frantic trading in the wake of the United Kingdom’s decision to exit the European Union.
Tax & Regulation | news 24 Jun 16
Carney reassures markets as banks tumble
As banking stocks plummeted on Friday morning, Bank of England governor Mark Carney sought to remind the market that they are in good health and reassure investors the BoE stands ready to do whatever is needed.
Brexit: ‘Bleak’ prospects for UK as Buxton gets it wrong
Old Mutual Global Investors chief executive Richard Buxton has spoken of the “bleakest” prospects for domestically focused UK companies, having recently backed recovery plays in the likes of Tesco, Ladbrokes and Debenhams.